HotsCoin Announcement on "WLD/USDT Liquidity Damage – HotsCoin to Provide Full Compensation"

Dear Users,

The liquidity issue in the WLD/USDT spot trading pair has affected the perpetual contract order book for WLD/USDT in HotsCoin. Upon investigation, it has been verified that the liquidity issue resulted from market makers reducing liquidity in the order book, causing a cascading impact on the WLD/USDT perpetual contract.

We sincerely apologize for any inconvenience caused and solemnly pledge to fully compensate affected users. For users who held positions and suffered losses with a timestamp on February 19, 2024, at 02:00 (UTC+8), we will take full responsibility for compensation.

We will take all necessary measures to ensure such situations do not recur and continue efforts to enhance the platform's stability and security. We appreciate your understanding and support.

Compensation Process:

Please open the HotsCoin compensation order channel and fill out the form:
Form Link: https://docs.google.com/forms/d/e/1FAIpQLSdbvzTGEOY_iXHgx-ojY6PvXfm2nR-WJHSFdFY6YEJXAFbwrw/viewform?usp=pp_url

For these situations, we will submit your issues to the relevant departments for confirmation, and the process is expected to be automatically completed within 3-7 working days.
[Incomplete appeals will not be accepted or compensated]

Risk Warning: Digital assets are innovative investment products with significant price volatility and high investment risks. Before investing, we encourage you to have a comprehensive understanding of digital assets, make a rational assessment of your investment capacity, and exercise prudence when making investment decisions.

HotsCoin

February 20, 2024